In what ways can shares be "preferred"? In which ways are they similar and different from common shares? Give real-world examples. How does the book value of shares of stock differ from the market value of shares of stock? Use a real-world example in your answer. Dividends Discuss at least three main issues a board of directors considers when making a dividend declaration decision. How does a share dividend differ from a share split? Retained Earnings e) Explain why companies place restrictions on some of their retained earnings.

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)